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20110701
20110731
Search Results 0 to 9 of about 10 (some duplicates have been removed)
save hundreds! yeah, that'll certainly stick with me. we'll take it. go, big money! i mean, go. it's your break, honey. same coverage, more savings. now, that's progressive. call or click today. >>> 15 days until the treasury says it will run out money. a tea party leader says don't raise the debt seeing and he says president obama is lying about the consequences if we don't. "keeping them honest" about what many republicans believe is central to solving the long-term problem. a constitutional amendment to balance the budget. they vote on "cup, cap and balance." cutting spending to 2004 levels and caps it and freezes it right there and calls for a balanced budget amendment to the constitution. >> all that we ask in this bill is that we simply allow the states to weigh in, should the federal government live under a balanced budget amendment. should they do that? >> i don't understand why people won't vote for the a balanced budget amendment because it's the only discipline that will ever force the politics of washington to meet the responsibilities of washington. >> let's do somethi
, big or small, long term or short, simply is not going to make it through the house of representatives. you may think this is business as usual in washington. two sides pushing a crisis to the brink in order to get the best possible deal for their side. but jessica yellin is reporting that some of her sources are telling her that this is anything but a normal crisis. she joins us now. jessica, thanks. your sources are saying this is becoming an abnormal crisis. what happened today? >> reporter: well, there was a lot of process, sanjay. and a lot of discussion and still no breakthrough is the bottom line. we are less than two days away from the president's self-imposed deadline for a deal and still there is no deal. some on capitol hill, some of even the president's allies are saying this is now in their view time to cut bait and stop going for this big deficit reductions package they've been talking about and just find the easiest path forward to get the debt ceiling raised and worry about deficit reductions at another time. >> you know, it seemed like there was some enthusiasm and som
ceiling, pay its bills based on big-ticket items. that would be interest on the debt. social security, medicare and medicaid, defense spenders. more than $30 billion. unemployment insurance. what you'd get under the big-ticket scenario is a drawing off the line. that's your $172 billion. the government is out of money if you don't increase the debt ceiling. what gets cut? military pay. wouldn't get their checks under this scenario. veterans checks, irs refund. if you're waiting for one you wouldn't get it. nutrition services, foods stamps, wouldn't get paid. federal salaries, education department, other and you heard him mention foreign aid to the palestinians. you have to make the choices and cut it off right here. that's one way. suppose you decided instead we'll put a priority on the social safety net. under this scenario, interest gets paid, social security gets paid, medicare and medicaid and those nutrition services that got cut off last time, you could pay them. housing grants would go out. veterans affairs, unemployment, education and tuition assistance. but under this set of
Search Results 0 to 9 of about 10 (some duplicates have been removed)